Memphis, TN 38111 Real Estate & Property Data

Memphis, TN 38111 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 883 residential properties have been sold over the past 12 months in 38111. With a median sales price of $119,500 in 38111 and a total of 3 foreclosures in Memphis, TN 38111. Discover market trends and get the granular level real estate data for Memphis, TN 38111 to keep your pulse on the housing market. Curate compelling home reports for Memphis, TN 38111 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Memphis, TN 38111 Real Estate Market Trends
Total Residential Properties 14,123
Total Commercial Properties 465
Avg. Home Age (Single Family Home) 77 Years
Avg. Square Feet (Single Family Home) 1,518
Total 2025 Residential Sales (year-to-date) 122
% of Homes Seriously Underwater (Q2 2025) 3.1%
Total 2024 Residential Sales 827
% of Equity Rich Homes (Q2 2025) 31.17%
Effective 2024 Property Tax 1.21%
Total Foreclosure Filings (year-to-date) 5
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Memphis, TN 38111 Real Estate Overview

There were 883 residential properties sold in the past year in Memphis, TN 38111. The median home value in Memphis, TN 38111 is $124,750. There are a total of 14,123 residential properties in the 38111.

Median Sales Price i
$119,500
(Feb 2025)
-29.7%
year-over-year
y-o-y
  • February '25 Feb '25 $119,500
  • January '25 Jan '25 $175,000
  • December '24 Dec '24 $159,950
  • November '24 Nov '24 $169,000
  • October '24 Oct '24 $164,900
  • September '24 Sep '24 $149,500
  • August '24 Aug '24 $150,000
  • July '24 Jul '24 $140,000
  • June '24 Jun '24 $176,000
  • May '24 May '24 $173,450
  • April '24 Apr '24 $175,000
  • March '24 Mar '24 $142,000
Median Down Payment i
$20,000
(Feb 2025)
-40.9%
year-over-year
y-o-y
  • February '25 Feb '25 $20,000
  • January '25 Jan '25 $26,612
  • December '24 Dec '24 $15,990
  • November '24 Nov '24 $27,090
  • October '24 Oct '24 $26,800
  • September '24 Sep '24 $30,750
  • August '24 Aug '24 $34,347
  • July '24 Jul '24 $22,340
  • June '24 Jun '24 $35,022
  • May '24 May '24 $29,975
  • April '24 Apr '24 $26,975
  • March '24 Mar '24 $15,250
Number of Homes Sold i
49
(Feb 2025)
-18.3%
year-over-year
y-o-y
  • February '25 Feb '25 49
  • January '25 Jan '25 73
  • December '24 Dec '24 66
  • November '24 Nov '24 76
  • October '24 Oct '24 51
  • September '24 Sep '24 68
  • August '24 Aug '24 94
  • July '24 Jul '24 81
  • June '24 Jun '24 75
  • May '24 May '24 58
  • April '24 Apr '24 75
  • March '24 Mar '24 57
Number of Purchase Loans i
31
(Feb 2025)
-22.5%
year-over-year
y-o-y
  • February '25 Feb '25 31
  • January '25 Jan '25 49
  • December '24 Dec '24 38
  • November '24 Nov '24 36
  • October '24 Oct '24 43
  • September '24 Sep '24 45
  • August '24 Aug '24 67
  • July '24 Jul '24 57
  • June '24 Jun '24 52
  • May '24 May '24 40
  • April '24 Apr '24 51
  • March '24 Mar '24 40
Number of REFI Loans i
15
(Feb 2025)
+25%
year-over-year
y-o-y
  • February '25 Feb '25 15
  • January '25 Jan '25 16
  • December '24 Dec '24 19
  • November '24 Nov '24 19
  • October '24 Oct '24 16
  • September '24 Sep '24 21
  • August '24 Aug '24 16
  • July '24 Jul '24 20
  • June '24 Jun '24 19
  • May '24 May '24 13
  • April '24 Apr '24 21
  • March '24 Mar '24 19
Number of HELOC Loans i
12
(Feb 2025)
+140%
year-over-year
y-o-y
  • February '25 Feb '25 12
  • January '25 Jan '25 9
  • December '24 Dec '24 10
  • November '24 Nov '24 6
  • October '24 Oct '24 15
  • September '24 Sep '24 8
  • August '24 Aug '24 6
  • July '24 Jul '24 21
  • June '24 Jun '24 7
  • May '24 May '24 9
  • April '24 Apr '24 6
  • March '24 Mar '24 10

Memphis, TN 38111 Foreclosure Activity

There were a total of 3 Memphis, TN 38111 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 3 Memphis, TN 38111 properties and repossessed 1 Memphis, TN 38111 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
3
(Feb 2025)
+50%
year-over-year
y-o-y
  • February '25 Feb '25 3
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 3
  • October '24 Oct '24 2
  • September '24 Sep '24 7
  • August '24 Aug '24 5
  • July '24 Jul '24 5
  • June '24 Jun '24 2
  • May '24 May '24 3
  • April '24 Apr '24 4
  • March '24 Mar '24 3
Foreclosure Starts i
3
(Feb 2025)
+50%
year-over-year
y-o-y
  • February '25 Feb '25 3
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 3
  • October '24 Oct '24 2
  • September '24 Sep '24 7
  • August '24 Aug '24 5
  • July '24 Jul '24 5
  • June '24 Jun '24 2
  • May '24 May '24 3
  • April '24 Apr '24 4
  • March '24 Mar '24 3
Completed Foreclosures (REOs) i
1
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 1
  • January '25 Jan '25 2
  • December '24 Dec '24 2
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 1
  • August '24 Aug '24 N/A
  • July '24 Jul '24 1
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 2
  • March '24 Mar '24 1
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